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We were wrong because however disastrous we thought the consequences of the Iraq war, the reality has been worse.
I asked Maurice Obstfeld of the University of California, Berkeley, a noted expert in international economics, what he thought the consequences would be of returning to a gold standard today.
Asked what he thought the consequences of no congressional deal over the fiscal cliff would be, Blankfein is blunt: "I don't know exactly what would happen but I know it will be bad".
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They have not thought the consequence through".
"I think the consequences are potentially severe".
I think the consequences of it being misunderstood are extreme".
And I think the consequences are likely to be severe for the countries involved".
But I think the consequences of failing there are still pretty huge.
But I think the consequences of creating civil society and democratic governments are consequences we can live with.
But he thinks the consequences of what he calls free-fall bankruptcies — ones without any government role — could be disastrous.
Secretary Kissinger: Well, I think the consequences could be very serious, if we cut them off from military aid.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com